Technology Enabling Transformation in the Oil and Gas Industry - Ecosystm Blogs

The Oil and Gas industry has seen volatile times and is affected by its own set of unique challenges ranging from commodity price fluctuations, a potential supply crunch, geo-political events, and energy policies including energy transition. Moreover, the challenges and requirements are distinct at different stages of operations – upstream, midstream and downstream. The industry has been an early adopter of a few emerging technologies and is looking to leverage them to remain competitive and better employee management. Oil and Gas companies are having to clean up old processes, as the market gets increasingly competitive. Ecosystm research finds that the top business priorities for Oil and Gas companies do not stop at cost reduction and revenue growth.